Zhang Yiwen
University of Perpetual Help System Laguna, Philippines.
Heliyon. 2024 Aug 22;10(18):e36708. doi: 10.1016/j.heliyon.2024.e36708. eCollection 2024 Sep 30.
The transition to a green economy is essential for sustainable development, yet the reliance on fossil fuels poses a significant challenge. This study investigates the impact of fossil fuel consumption on green economic development and examines circular economy innovations as a potential solution. Focusing on the period from 2000 to 2022, we employ the CS-ARDL model to analyze data from twelve developing countries in Latin America. Our analysis reveals that fossil fuel consumption continues to impede green development, while circular economy innovations substantially mitigate this negative impact. The findings show that countries with higher adoption rates of circular economy practices exhibit better performance in green economic indicators, improved resource efficiency, and reduced environmental degradation. The policy implication is that developing countries should prioritize circular economy innovations to balance the adverse effects of fossil fuels and promote sustainable economic growth.
向绿色经济转型对于可持续发展至关重要，但对化石燃料的依赖构成了重大挑战。本研究调查了化石燃料消费对绿色经济发展的影响，并将循环经济创新作为一种潜在解决方案进行研究。以2000年至2022年为研究期，我们采用CS-ARDL模型分析来自拉丁美洲12个发展中国家的数据。我们的分析表明，化石燃料消费继续阻碍绿色发展，而循环经济创新则大大减轻了这种负面影响。研究结果表明，循环经济实践采用率较高的国家在绿色经济指标、提高资源效率和减少环境退化方面表现更好。政策含义是，发展中国家应优先考虑循环经济创新，以平衡化石燃料的不利影响并促进可持续经济增长。
